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Thanks Mark. The IMF forecast has China's 2025 current account surplus at $400b (2% of GDP). A reasonable estimate using China's pre-2021/22 BoP methodology and 3% return on debt assets would put the true surplus at $1 trillion ...
8.8. klo 23.00
Thanks for continuing to highlight this huge discrepancy.
The IMF needs to come clean on this issue.
It's critical for the consistency of IMF external analysis, spillover views, multilateral surveillance & frankly how the Fund should assess the Chinese econ in its A4s.
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